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Multifamily

926 SE Uglow Ave

926 SE Uglow Ave, Dallas, OR 97338

Listing Price: $720,000

Cap Rate
6.18%
Number of Units
6
Price/Unit
$120,000
Price/Gross SF
$154.01
Gross SF
4,675

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of the 926 Uglow Avenue Apartments in Dallas, Oregon. The property features six two-bedroom/one-bath units. The units are split between in two buildings – a two-story building that consists of two-townhouse floorplans and a single-story building that consists of four flats. Four of the six apartments have been renovated and feature new fixtures, appliances, and flooring as well as hardware and backsplashes in kitchens and bathrooms. Some units offer a new cabinets and one includes a dishwasher. This property was originally built in 1971. All windows and sliding glass doors have been update to double pane vinyl. The property offers coin-operated laundry for additional income and tenant convenience. The property is currently managed and maintained professionally. Renovations at the property coupled with a superior residential location have proven an achieved rent of $1,065. The average rent at the property is $940 presenting the opportunity to increase cashflow on new leases.

Investment Highlights

  • Desirable unit mix – All two-bedrooms units including Townhome floorplans.
  • Single-story construction.
  • Interior renovations to four of six units.
  • Professionally managed.

Exclusively Listed By

Listing Price: $720,000

Cap Rate
6.18%
Number of Units
6
Price/Unit
$120,000
Price/Gross SF
$154.01
Gross SF
4,675

Investment Highlights

  • Desirable unit mix – All two-bedrooms units including Townhome floorplans.
  • Single-story construction.
  • Interior renovations to four of six units.
  • Professionally managed.

Investment Overview

Marcus & Millichap is pleased to exclusively represent the sale of the 926 Uglow Avenue Apartments in Dallas, Oregon. The property features six two-bedroom/one-bath units. The units are split between in two buildings – a two-story building that consists of two-townhouse floorplans and a single-story building that consists of four flats. Four of the six apartments have been renovated and feature new fixtures, appliances, and flooring as well as hardware and backsplashes in kitchens and bathrooms. Some units offer a new cabinets and one includes a dishwasher. This property was originally built in 1971. All windows and sliding glass doors have been update to double pane vinyl. The property offers coin-operated laundry for additional income and tenant convenience. The property is currently managed and maintained professionally. Renovations at the property coupled with a superior residential location have proven an achieved rent of $1,065. The average rent at the property is $940 presenting the opportunity to increase cashflow on new leases.

Exclusively Listed By

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